I appreciate that I am responding/re-posting/a reply to my own post some 3-4 months ago but it reinforces IMO what is happening with trading and what to expect.
Because of this gaping up on very little volume I think you will have to wait for the 'punters' to be comfortable in buying in size.
OLV was so materially undervalued on the fundamentals over the past 12 months it was not funny and only now will the penny drop for people.
I cannot see any meaningful supply under 8c and even then it is at the margin IMO as I know that a few of the weak hands that took stock in the 7 and 8c capital raise left the building some time ago.
With TSOI of 224m (undiluted) a 'private US or European comps' fair value for OLV being cash flow positive is > 12c and I hear the 'tea leaves' are also aligning - this register is
very very tight
All the best to long term supporters here - enjoy !
